AI Edition - It's AI Time - 101 [24-07-2024]

AI Edition - It's AI Time - 101

Llama 3.1 and 405B models

Meta has released its first open frontier AI model along with training details. The model is on par with top closed models with a 128k context length, chat models, and a great open system.

[GitHub Repo] DataChain: Unstructured data management for AI projects, reimagined

Iterative's new open-source tool lets you simplify AI projects and scale unstructured data management. With DataChain, you can source, curate, and version cloud data at scale; easily integrate metadata from various formats; parallelize local and API-based AI model inferences for 3x-10x speedup; and store AI model outputs as Python data objects.

Gumloop seed round

Gumloop raised a $3.1M Seed round led by First Round Capital with participation from YC and co-founders at Instacart, Dropbox, and Airtable. Gumloop is a no-code AI automation platform that lets any employee within a business build their own AI tooling and have as much impact as an engineer.

AI Development Kits: Tenstorrent Update

Tenstorrent has launched affordable AI development hardware, including the Wormhole n150 and n300 PCIe cards, priced at $999 and $1,399, as well as developer workstations, the air-cooled TT-LoudBox for $12,000 and water-cooled TT-QuietBox for $15,000, both designed to aid AI development with a focus on connectivity and scaled-out performance.

AI predicts droughts a year in advance

Skoltech and Sber researchers have developed AI models that can predict droughts several months to a year in advance, improving risk management for agriculture, insurance, and finance sectors. The models, tested across various climates, utilize spatiotemporal neural networks and publicly available data. Russia's largest bank plans to integrate these findings into its risk assessment systems.